New Report: Price of Eggs, Cereal, and Milk Are on the Rise

You can't imagine something like the most current monthly consumer price index, which was announced on Tuesday. 

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if you only went to the grocery store and noticed that everyday items like eggs, fruits, and cereals are higher than usual. were expensive. Research claims that consumers are paying 11% more for food than they were a year ago.

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During August, the all-important grocery store food group index rose. Last month, cereals and bakery goods grew by 1.2%, representing a growth of 16.4% from 2021 to 2022. 

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Since July, the index for fruits and vegetables has increased by 0.5, along with higher costs of meat, poultry, fish, and eggs.

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Prices are only projected to increase month to month until 2022. The United States Department of Agriculture's 2022 Food Price Outlook forecasts that throughout the year, all food prices will increase by between 8.5 and 9.5%.

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According to the data, the cost of eating out has increased by 13.5 percent annually since 2021. 

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Since May 1979, the food index has increased the most in a year. It is also estimated that the cost of eating out will increase by 6.5 to 7.5%. By 2022, the prices of groceries are projected to increase by 10-11%.

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